What is the cost of starting a writing agency?


2018-07-04

Most writers sometimes encounter problems with publishing their work or charging for their services. They may find themselves in disagreement with their clients or employers. Some writers crave for more independence and more freedom, but their jobs limit their creativity. So what can writers do to solve such problems? One possibility is to start their own writing agency.  

Starting your own writing agency is not easy, but it is a great business idea for people who are successful in their writing career. At first, you will need some amount of money to kick-start your business, but if you make smart decisions, you will not need too much capital. Here are some steps that you should follow if you want to start a writing agency and not waste money.

Register your writing agency

Registering your agency is fairly simple. You need to prepare some documents and fill out a registration form at the designated institution in your place of residence. Registration is usually relatively cheap, but it depends on where you are.

Working space

When it comes to your working space, you have many options.

One option is to rent an office in a business building. This may be a pricey option, as monthly rents vary significantly depending on the building and the part of the city.

On the other hand, if you do not want to invest too much money in your working space, you have the possibility to start an online writing agency. It means that you conduct all your business on the internet while having one room or a corner of a room at home that looks professional enough for having online video meetings. You can find your clients and employees on the internet and you can organize online meetings and interviews. This way you can save considerable amounts of money on the rent, utilities and transport.

Finding employees

The hardest and the most expensive step is to find employees for your writing agency. At first, you may want to do all the work by yourself, but if you aspire to increase your business, you will soon need someone to help you with marketing, rules and regulations, contracts, bookkeeping and so on, and you will need money to cover their pay. Initially, you may spend much more money than you can earn, but if your business is successful, you will get your money back and earn much more. One possibility that you can consider is starting your business with a co-founder and sharing the burden of the initial cost.

To sum up, starting a writing agency doesn’t necessarily cost a lot of money. However, success isn’t guaranteed and it depends on your skills, intelligence and effort.

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